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Aug 1, 2013
08/13
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and very recently just in the last few weeks detroit, the city of detroit, filed for bankruptcy, the largest municipal bankruptcy in u.s. history. other large states and local communities are teetering on the verge of bankruptcy. many states in horrible fiscal situations like california and illinois. meanwhile, mr. president, we are are not in a fundamentally sounder place here in washington at the federal level. even if we stick to the budget control act numbers -- and that's very much up in the air, but even if we stick to those numbers, congress will spend $967 billion in discretionary money this year and that will result in an $810 billion deficit, almost a trillion-dollar deficit this year. this nation total is almost $17 trillion in debt, and the federal reserve, its balance sheet has swollen from $800 billion in august of 2007 to over $3.5 trillion today. and so, mr. president, now more than ever, s. 101, the state and local government bailout prevention act, is appropriate, is needed, and that's why i come to the floor today to urge expeditious passage of s. 101. this bill is
and very recently just in the last few weeks detroit, the city of detroit, filed for bankruptcy, the largest municipal bankruptcy in u.s. history. other large states and local communities are teetering on the verge of bankruptcy. many states in horrible fiscal situations like california and illinois. meanwhile, mr. president, we are are not in a fundamentally sounder place here in washington at the federal level. even if we stick to the budget control act numbers -- and that's very much up in...
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Aug 6, 2013
08/13
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it started here in detroit. right here in detroit. everybody -- [inaudible] some of us have a little place upnorth. the middle class. [inaudible] middle class. middle class. >> host: is there anything people like george mcgreger did wrong over the years that lead to this? >> guest: absolutely. i think there's at love blame to go around. the unions are not blameless. there was a time they had a lot of extras going on. i mean, actually george described weren't able to use in the film he described a program called the homework hotline. every employee's child could call and get help with a homework. that's really nice. but that costs money. and the vacation days, sick leave, there were people in the path that did fall down on the job. it was too hard to fire people. there was a time for sure it was too bloated. with management, you know, taking sort of producing sub par cars and paying themselves too much. overall the industry behaved as a cartel at times. refusing to make small cars, saying you could never make money on small cars. honda
it started here in detroit. right here in detroit. everybody -- [inaudible] some of us have a little place upnorth. the middle class. [inaudible] middle class. middle class. >> host: is there anything people like george mcgreger did wrong over the years that lead to this? >> guest: absolutely. i think there's at love blame to go around. the unions are not blameless. there was a time they had a lot of extras going on. i mean, actually george described weren't able to use in the film...
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Aug 6, 2013
08/13
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of more than half of detroit's population as a result. at 8:00 p.m. eastern booktv in prime time. to be the the -- tonight the to focus is on the book fairs from the last year. >>> i'm not some sort of antisuburb person who thinks that everyone needs to live in new york city and, you know, i was very sensitive to cometting across as -- coming across as a escaped coffee sip, with elitest of some kind. that's not why i did the book. i understand why people people like the suburb. i get fed up with daily life in new york city a lot. i was drawn, the trends were so undenialble. the fact there's a shift in the way the suburban america is perceive bid the people who live there is too big of story ignore . sunday night at 9:00 on after words. part of booktv this weekend on c-span2. >>> two senior u.s. senators have urge -- today's comment came after john mccain lindsay graham met with top civilian leaders as part of international effort to resolve a standoff with the president. yesterday we covered discussion. the middle east institute and the j
of more than half of detroit's population as a result. at 8:00 p.m. eastern booktv in prime time. to be the the -- tonight the to focus is on the book fairs from the last year. >>> i'm not some sort of antisuburb person who thinks that everyone needs to live in new york city and, you know, i was very sensitive to cometting across as -- coming across as a escaped coffee sip, with elitest of some kind. that's not why i did the book. i understand why people people like the suburb. i get...
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Aug 20, 2013
08/13
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the problem detroit faced is that -- >> state, local, and tribal government. >> and tribal government. [laughter] >> okay. >> the problem with detroit, unlike many municipalities that depend on revenue from real estate tax, they run on income taxes. they never recovered from 2001. the black unemployment rate never recovered from 2001. that downturn decimated the revenue stream for the city, and it never came back. if there are banks that are too big to fail, and we have to step in to make sure they function, there are cities that are too big to fail. [applause] >> bankruptcy in one of those cities. >> yes, and so it is not enough for the administration to say, oh, we're behind you, droit. no. we said to wall street, $800 billion we're behind you, so that's being behind me. [laughter] >> okay. behind you, what are the policies? >> so, wall street caused more damage than what we have put into the budget. there needs to be a financial transaction tax because when they gamble, we lose. [applause] they have to pay for cleaning up the whole mess, not just their mess or the mess that let the
the problem detroit faced is that -- >> state, local, and tribal government. >> and tribal government. [laughter] >> okay. >> the problem with detroit, unlike many municipalities that depend on revenue from real estate tax, they run on income taxes. they never recovered from 2001. the black unemployment rate never recovered from 2001. that downturn decimated the revenue stream for the city, and it never came back. if there are banks that are too big to fail, and we have...
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Aug 27, 2013
08/13
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wasn't in michigan back in the '70s the polltown, it was an old polish neighborhood in detroit, there were old churches, it was a very old polish neighborhood, and didn't -- wasn't that, the entire neighborhood, seized by, under eminent domain for general motors to build, i believe, a cadillac plant in that neighborhood? are you familiar with that, that case? i think it was in the late '70s, possibly the early '80s. it's been a while ago. it was very controversial in michigan. it was an old polish neighborhood. >> guest: yes, the caller is absolutely right. what happened is that the city of detroit literally condemned an entire thriving ethnic neighborhood with 1600 businesses, many churches and a large residential district to build the gm cadillac assembly plant which was not built for many years later. but this is a more interesting and complex situation than the facts we've talked about -- >> host: kelo? >> guest: well, no, the poletown case. because, basically, people say it was done for general motors. but the fact is, the city of detroit was able to get large federal grants for
wasn't in michigan back in the '70s the polltown, it was an old polish neighborhood in detroit, there were old churches, it was a very old polish neighborhood, and didn't -- wasn't that, the entire neighborhood, seized by, under eminent domain for general motors to build, i believe, a cadillac plant in that neighborhood? are you familiar with that, that case? i think it was in the late '70s, possibly the early '80s. it's been a while ago. it was very controversial in michigan. it was an old...
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Aug 8, 2013
08/13
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and the most dramatic example of that, of course, is stuxnet which detroit about 1000 centrifuges. stuxnet almost what i conducted by a nationstate because it's too complicated to be done in a garage or in your basement, all right? look, given my background, former director of cia, i think it's absolute unavoidable good. but i'll describe what i just described to you in just like they did forward. somewhat almost certain initiative during a time of these just use a cyber weapon to destroy another nation's critical infrastructure. ouch. that's a big deal. you may or may not see me making a comment on 60 mins about a year and a half ago in which i can characterize that as somebody crossing a river gone, got a leaking on the other side of the river, and life will be very different. so those are your sins. stealing your stuff, disrupting the network, destroying their infrastructure. who are the sinners? nationstates. you know that. criminal elements, and then finally this third group that it would have trouble defining, nihilists, anarchists, activists, losec, anonymous, twentysomethin
and the most dramatic example of that, of course, is stuxnet which detroit about 1000 centrifuges. stuxnet almost what i conducted by a nationstate because it's too complicated to be done in a garage or in your basement, all right? look, given my background, former director of cia, i think it's absolute unavoidable good. but i'll describe what i just described to you in just like they did forward. somewhat almost certain initiative during a time of these just use a cyber weapon to destroy...
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Aug 21, 2013
08/13
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if we saved aig that was bankrupt, we can save detroit that's bankrupt. and if aig who caused the downturn in the first place could get a bonus because it stated in their contract they had to get a bonus, then detroit city workers can get a pension just hike it said in their contract. [applause] .. which of course makes the united states different and unique from other countries in the world supporting the immigrants now no other country even comes close. but looking to the future, it's going to be a different picture demographically. this doesn't mean everybody is when to have great economic opportunity in the future. we don't know where that will be and everything will be important in shaping that economic future of hitting it will also be important to see how a young people today come of age and so when you ask us to take a look at the future, i think there's a tremendous number of opportunities, a tremendous number of challenges as well. i think everything you said it plays into shaping that america for the future which will be different than we see t
if we saved aig that was bankrupt, we can save detroit that's bankrupt. and if aig who caused the downturn in the first place could get a bonus because it stated in their contract they had to get a bonus, then detroit city workers can get a pension just hike it said in their contract. [applause] .. which of course makes the united states different and unique from other countries in the world supporting the immigrants now no other country even comes close. but looking to the future, it's going...
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Aug 1, 2013
08/13
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one in three households in detroit, according to the associated press, four out of five u.s. adults struggle with joblessness, near porveghts or reliance on welfare. there's no shortage of labor in the united states. there is a shortage of jobs in the united states. our goal must be to help our struggling americans move from dependency to independence, to help them find steady jobs and rising pay, not declining pay. our policy cannot be to simply relegate more and more of our citizens to dependence on the government while importing a steady stream of foreign workers to take the available jobs. that is not in the interest of our country or the people of this country. some contend our unemployed don't have the needed skills. well, let's train them. we now spend over $750 billion a year on means-tested welfare assistance-type programs. that's the largest item in the budget, bigger than social security, bigger than defense, bigger than medicare. and of that amount, we spend about -- for every $100 we spend on those programs, we only spend $1 on job training. so we need to wake up
one in three households in detroit, according to the associated press, four out of five u.s. adults struggle with joblessness, near porveghts or reliance on welfare. there's no shortage of labor in the united states. there is a shortage of jobs in the united states. our goal must be to help our struggling americans move from dependency to independence, to help them find steady jobs and rising pay, not declining pay. our policy cannot be to simply relegate more and more of our citizens to...